Welcome to our dedicated page for CAE news (Ticker: CAE), a resource for investors and traders seeking the latest updates and insights on CAE stock.
CAE Inc. (NYSE: CAE; TSX: CAE) stands as a global leader in training and simulation solutions for the civil aviation, defense and security, and healthcare markets. With over seven decades of innovation, CAE designs and integrates comprehensive training solutions, leveraging the expertise of its 8,000 employees and world-leading simulation technologies. Headquartered in Montreal, Canada, CAE operates 160 sites and training locations in 35 countries, making it the broadest network in the industry.
Civil Aviation: CAE trains more than 120,000 civil and defense crewmembers annually, providing advanced flight simulators and comprehensive pilot training programs. The company also manages a substantial fleet of flight simulators, enhancing accessibility and training efficiency for airlines worldwide.
Defense & Security: CAE offers mission support and training solutions for defense forces, utilizing high-fidelity simulation technologies to prepare military personnel for real-life scenarios. The company's defense projects are focused on improving combat readiness and operational efficiency of military forces globally.
Healthcare: Recent divestitures have seen CAE streamline its focus, yet it remains committed to providing simulation-based healthcare training solutions to nurture the proficiency of medical professionals.
CAE has a strong commitment to sustainability, becoming the first Canadian aerospace company to be carbon-neutral in 2020. The company continues to push the envelope with technological advancements, such as integrating Epic Games' Unreal Engine into its simulators for ultra-realistic training experiences.
Financially, CAE showcases a robust performance with a diversified revenue stream. Despite recent restructuring to optimize cost and streamline operations, CAE maintains strong market leadership in its core domains. Strategic partnerships, innovative technology integrations, and a focus on environmental, social, and governance (ESG) practices underpin CAE’s sustained growth and operational excellence.
Follow CAE on Twitter @CAE_Inc or visit their career page at www.cae.com for more information.
CAE has released its Annual Activity and Corporate Social Responsibility (CSR) report, showcasing achievements in environmental, social, and governance (ESG) initiatives. Key highlights include:
- Environmental: Achieved carbon neutrality for two consecutive years and utilized renewable energy across its operations.
- Social: Supported humanitarian efforts in Ukraine and Germany, while reinforcing human rights practices.
- Governance: Completed a CSR roadmap and enhanced supply chain management.
CAE continues to integrate sustainability into its core strategy, impacting customer experience positively.
On June 22, 2022, CAE's President and CEO, Marc Parent, was honored as a Knight of the Ordre national du Québec, recognizing his significant contribution to Québec's economy. Under his leadership, CAE expanded its capabilities with nine acquisitions since March 2020 and became the first Canadian aerospace firm to achieve carbon neutrality in 2020. Mr. Parent also played a pivotal role in launching a COVID-19 vaccination initiative in Québec that administered nearly 400,000 doses. Recently, he was inducted into Québec's Air and Space Hall of Fame for his leadership and innovation.
CAE has partnered with Behaviour Interactive to integrate video game technology into large-scale training solutions. This collaboration aims to create innovative training technologies that enhance safety and operational efficiency. CAE will gain exclusive access to Behaviour's multidisciplinary teams, boosting its capabilities in immersive digital solutions. The partnership aligns with CAE's commitment to Canadian innovation under the Industrial and Technological Benefits Policy, reinforcing its position as a leader in emerging technologies.
CAE is hosting an Investor Day on June 7, 2022, at the Lotte Palace in New York, aimed at capital market professionals including financial analysts and institutional investors.
The event will feature presentations on CAE's business, technology, market opportunities, and strategic initiatives, with interactive demos and Q&A sessions. The presentations will run from 8:30 a.m. to 12:15 p.m. ET, with a live webcast available for those unable to attend in person. An online recording will be accessible afterwards on their investor website.
CAE reported strong Q4 FY2022 results, achieving $955.0 million in revenue, a 7% increase year-over-year, and $0.17 EPS, up from $0.07 in Q4 last year. Annual revenue reached $3.4 billion, a 13% gain, with diluted EPS rising to $0.45 from a loss of $0.17. Noteworthy was the record order intake of $4.1 billion, contributing to a backlog of $9.6 billion. The company generated $187.6 million in free cash flow, resulting in a 131% cash conversion.
CAE will announce its FY2022 Q4 and full-year financial results on May 31, 2022, after market close. A conference call is scheduled for June 1, 2022, at 8:30 a.m. ET to discuss these results. Key executives, including President Marc Parent and CFO Sonya Branco, will participate to provide insights. The call is intended for analysts, institutional investors, and the media, with a Q&A session following the presentation. The meeting will be broadcast live and archived on CAE's website.
CAE will hold an Investor Day on June 7, 2022, in New York, at the Lotte New York Palace. The event will include presentations from senior management, interactive demonstrations, and opportunities for attendees to engage with CAE's leadership. A live webcast of the presentations will also be available.
Prior to this, on June 6, 2022, CAE will offer exclusive tours of its North East Training Centre in Morristown, New Jersey, for investors and media. This event is geared toward capital market professionals.
CAE has announced that Hélène V. Gagnon, the Chief Sustainability Officer, has been awarded the 2022 Report on Business Best Executive Award. This award celebrates excellence among senior executives in Canada. Gagnon was recognized for her leadership in managing CAE’s reputation and relationships globally, particularly in Corporate Social Responsibility. Marc Parent, CAE's President and CEO, praised her transformative leadership since joining the company in 2015. Gagnon has also played a key role in administering COVID-19 vaccines in Quebec through the Industry for Vaccination initiative.
CAE has appointed Patrick M. Shanahan to its Board of Directors, bringing over 30 years of experience in the defense sector. Previously serving as Acting U.S. Secretary of Defense, Shanahan’s expertise in defense policy, strategy, and technology is expected to enhance CAE's alignment with national defense priorities globally. His leadership experience includes the establishment of the Space Force and advancements in cybersecurity and artificial intelligence at the Department of Defense. This appointment aims to strengthen CAE's strategic direction in high-stakes environments.
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